Investments

Columbia Management is planning to further expand into the actively managed ETF space with 17 new ETFs.

Russell Investments is planning to close its family of 25 passively managed ETFs. The firm will continue to operate the Russell Equity ETF.

The tax-exempt market ended on a steady tone Monday as market participant waited for primary issuance to provide direction.

The Dow Jones Industrial Average shaved off 3.56 points Monday to close at 13,271.64 while the Nasdaq and S&P 500 trimmed 0.38 points and 0.03 points, respectively.

Russell Investments is planning to close its family of 25 passively managed ETFs. Russell will continue to operate the Russell Equity ETF.

Annuity sales in the second quarter of 2012 totaled $57 billion, down 8% from the year-ago quarter, according to LIMRA.

Nasdaq OMX Group said it plans to launch 150,000 indexes by the end of next year. The firm will raise redefine 'real-time" to feature tick by tick updating of index values

Incapital, an underwriter of fixed income securities and financial products, has launched Incapital Canada.

Year-to-date, total annuity sales declined eight percent compared to the first half of 2011, reaching $57.0 billion, according to LIMRA.

UBS AG is starting a unit aimed at quantitative hedge funds that combines prime brokerage and services from its direct execution trading business.

Columbia Management is planning to further expand into the actively managed ETF space with 17 new ETFs.

Starting a hedge fund is much different from launching other kinds of companies. Most significantly, there is almost no chance that you will be able to start this business out of a garage. No -- to get a hedge fund up and running, you need buckets and buckets of cash.

Lifelong income solutions for defined contribution plans are on the way. With defined benefit plans waning and life expectancy waxing, more retirees will need more guaranteed income than Social Security can provide.

Closed-end fund assets increased $1.61B during Q2. Equity fund assets decreased by $1.5B to $96.21B, and bond fund assets increased by $3.11B to $153.39B.

Assets of institutional money market funds increased by $13.17B in the last week, the third largest inflow of institutional money since the end of March.

The Securities and Exchange Board of India is preparing to take a number of steps to reenergize the mutual fund industry in India.

The tax-exempt market ended on a steady tone Friday after weakening during every other trading session.

The Dow Jones Industrial Average scampered up 25.09 points Friday to finish at 13.275.20 while the Nasdaq and S&P 500 added 14.20 points and 2.65 points, respectively.

Principal Funds has rolled out the Principal Opportunistic Municipal Fund, which can invest across a broad range of credit qualities, durations and geographic exposures.

Municipal debt funds stayed on track for the 18th consecutive week of net inflows, this time for $0.9 billion.